# 3 bedroom flat for sale (TS6 9JE)

## Property Details

| Key | Value |
|-----|-------|
| Address | High Street, Eston, TS6 9JE |
| Price | £130,000 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Council tax | A |

## Description

Investment Opportunity - Portfolio of Three Tenanted One Bedroom Apartments

An excellent opportunity to acquire a portfolio of three well-presented one bedroom apartments, all currently tenanted and generating immediate rental income.

Each apartment is maintained to a high standard and presented in excellent condition throughout, providing a hassle-free investment for both experienced landlords and those looking to expand their property portfolio. The properties benefit from reliable existing tenants, offering an attractive turnkey investment with income from day one.

This is a rare chance to secure a readymade residential investment portfolio with proven rental performance and minimal void risk. Early viewing and further enquiries are highly recommended.

Tenure - Leasehold

Council Tax Band A

## Property Photos

- ![Picture No. 31](/listings/photos/89965479/715315) - Picture No. 31
- ![Picture No. 05](/listings/photos/89965479/715316) - Picture No. 05
- ![Picture No. 02](/listings/photos/89965479/715317) - Picture No. 02
- ![Picture No. 03](/listings/photos/89965479/715318) - Picture No. 03
- ![Picture No. 04](/listings/photos/89965479/715319) - Picture No. 04
- ![Picture No. 01](/listings/photos/89965479/715320) - Picture No. 01
- ![Picture No. 11](/listings/photos/89965479/715321) - Picture No. 11
- ![Picture No. 10](/listings/photos/89965479/715322) - Picture No. 10
- ![Picture No. 13](/listings/photos/89965479/715323) - Picture No. 13
- ![Picture No. 06](/listings/photos/89965479/715324) - Picture No. 06
- ![Picture No. 07](/listings/photos/89965479/715325) - Picture No. 07
- ![Picture No. 08](/listings/photos/89965479/715326) - Picture No. 08
- ![Picture No. 09](/listings/photos/89965479/715327) - Picture No. 09
- ![Picture No. 20](/listings/photos/89965479/715328) - Picture No. 20
- ![Picture No. 16](/listings/photos/89965479/715329) - Picture No. 16
- ![Picture No. 17](/listings/photos/89965479/715330) - Picture No. 17
- ![Picture No. 18](/listings/photos/89965479/715331) - Picture No. 18
- ![Picture No. 19](/listings/photos/89965479/715332) - Picture No. 19
- ![Picture No. 21](/listings/photos/89965479/715333) - Picture No. 21
- ![Flat 1](/listings/photos/89965479/715334) - Flat 1
- ![Flat 3](/listings/photos/89965479/715335) - Flat 3
- ![Flat 4](/listings/photos/89965479/715336) - Flat 4

## Floorplans

- ![Picture No. 25](/listings/photos/89965479/715337) - Picture No. 25
- ![Floorplan](/listings/photos/89965479/715338) - Floorplan

## Rental Range

*ONS Price Index of Private Rents (Redcar and Cleveland). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £581/mo
- **Realistic:** £645/mo
- **Optimistic:** £710/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Teesside (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £549/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Terraced House, Thorndike Road, TS6 | £695/mo | 3 | 112.83 miles | OpenRent |
| 3 Bed Detached House, Holyhead Court, TS6 | £925/mo | 3 | 112.95 miles | OpenRent |
| 3 Bed Semi-Detached House, Coniston Road, TS6 | £820/mo | 3 | 113.16 miles | OpenRent |

**Average rent: £813/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.63% (weak for cashflow)
- **Max investor price (0.8%):** £102,500
- **Target investor price (1%):** £82,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £820/mo).*

- **Gross yield:** 7.6%
- **Cost-to-rent:** 13.2×
- **Monthly cashflow:** £201/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 6.4%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## House Price Index (HM Land Registry)

*Official index for Redcar and Cleveland; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** 0.3%
- **5y growth (index):** 8.9%
- **10y growth (index):** 25.5%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)